General Motors Hit Hard By Trump's Mexico Threat
General Motors tumbled almost 5% early Friday after President Trump announced a round of tariffs on Mexico.
The automaker produces almost 30% of its North America production in Mexico, according to an analyst estimate.
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GM, which is the US automaker with the largest share of production sourced from Mexico, fell 5%.
IHS, RBC Capital Markets Importantly, GM produces some of its iconic full-size pick-ups in Mexico, according to Spak.